Turnkey Hydrovac Services Company For Sale
Listing Number: 76931-712716
Listing Details
Turnkey Hydrovac Services Company For Sale
Price: $15,500,000
Location: Midland, Texas
- Down Payment: $15,500,000
- Sales: $14,110,351
- EBITDA: $3,142,000
- Inventory: $0
- Furniture, Fixtures, and Equipment: $11,300,000
- Employees:
- Year Established:
- Reason for Selling: Retirement of One Owner
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Business Description
This oil field services firm is a Permian Basin-based provider of hydrovac excavation, equipment rental, roustabout labor, and casing cleaning services to the oil & gas and construction industries, headquartered in Odessa, Texas.
The business is led by multiple owners serving as Financial/HSE, Marketing, and Operations Advisors, They have built long-standing Master Service Agreements (MSAs) and Master Construction Agreements (MCAs) with major operators including Occidental Petroleum, Chevron, ConocoPhillips and BPX Production, among others.
The business is led by multiple owners serving as Financial/HSE, Marketing, and Operations Advisors, They have built long-standing Master Service Agreements (MSAs) and Master Construction Agreements (MCAs) with major operators including Occidental Petroleum, Chevron, ConocoPhillips and BPX Production, among others.
Originally founded in 2001, the business has operated under its current ownership group since 2016, growing revenue from $1.4 million that year to a peak of $19.6 million in 2023, before normalizing to $12.4 million in 2024 and $10.3 million in 2025 alongside broader oil & gas activity levels. Their 3-year average EBITDA is in excess of $3M. The business has grown its hydrovac fleet from a single truck to eighteen trucks and employs 42 full-time staff plus approximately 3 contractors.
The firm owns a 15,650 SF facility that boasts a spacious office & well-equipped shop on a 5-acre of property; available for sale or lease-back with the transaction.
This business is well positioned to grow past $20 million in revenue on its existing infrastructure and processes. The growing requirements for hydrovac services outside of the oil field services sector makes this an exciting growth opportunity.
The firm owns a 15,650 SF facility that boasts a spacious office & well-equipped shop on a 5-acre of property; available for sale or lease-back with the transaction.
This business is well positioned to grow past $20 million in revenue on its existing infrastructure and processes. The growing requirements for hydrovac services outside of the oil field services sector makes this an exciting growth opportunity.